The TechSci Research report on the India OTT Media Services Market, titled "India OTT Media Services Market – By Region, Competition Forecast & Opportunities, 2018-2028F," anticipates significant growth in the market. Factors such as increased accessibility of streaming services across various devices and a diverse range of shows are expected to drive market demand throughout the forecast period.

 

The term "OTT" commonly refers to video streaming apps in India, providing users with an alternative to traditional cable TV channels. Platforms like Netflix and Amazon Prime Video allow users to access content through their websites or applications, marking a shift in how consumers consume media.

 

Over-the-top (OTT) media services, delivered directly to viewers online, have witnessed remarkable growth, fueled by improved internet connectivity and consumer demand for a broader range of media content, including sports, entertainment, and movies. OTT services have become the primary source of screen-based entertainment, surpassing traditional TV broadcasters, especially in the West. These platforms offer on-demand content, replacing scheduled broadcasting.

 

Techsci Report: https://www.techsciresearch.com/report/india-ott-media-services-market/14730.html 

 

India has increased the foreign direct investment (FDI) limit for the media and entertainment sector from 74% to 100%, reflecting a positive regulatory environment. The market's expansion is also driven by customizable subscription plans that cater to different consumer preferences. Some companies offer subscription packages based on video quality, allowing consumers to choose plans that align with their bandwidth and device requirements.

 

The popularity of OTT in India can be attributed to rapid internet infrastructure development. By bypassing traditional distribution channels, OTT platforms distribute content directly to viewers, contributing to market growth. The COVID-19 pandemic further accelerated the adoption of OTT platforms, providing a source of entertainment for individuals forced to stay at home. OTT networks offer diverse content in various languages, offline viewing options, and ad-free services, enhancing market growth prospects.

 

The report segments the India OTT Media Services Market based on type, video quality, number of screens, region, and company. SVOD (Subscription Video on Demand) emerges as the fastest-growing segment, driven by a diverse content library, including regional offerings. Video quality segments include HD, Full HD, and Ultra HD, while the number of screens is categorized into 1, 2-3, and more than 3. Regional segmentation covers North, South, West, and East India.

 

Key market players include Netflix Entertainment Services India LLP, Zee Entertainment Enterprises Limited, Amazon.com, Inc., Novi Digital Entertainment Private Limited (Disney + Hotstar), Viacom18 Media Private Limited, Sony Pictures Networks India Pvt. Ltd., ALT Digital Media Entertainment Limited, Hungama Digital Media Entertainment Pvt Ltd., MX Media & Entertainment Pte. Ltd., and Apple, Inc.

 

The report provides in-depth market insights, covering 23 market data figures across 70 pages, with a detailed table of contents. It serves as a valuable resource for decision-makers, offering statistics on market structure, size, share, and future growth. TechSci Research, a global management consulting firm, emphasizes the emergence of the OTT market and rapid technological progress as key trends influencing market growth. Rising subscription video-on-demand, demand for live streaming channels, diverse payment options, availability of freemium models, and increased OTT services' demand during lockdowns are identified as market drivers.

 

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